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Forex Trend Analysis Report

Prepared for you on Thursday, May 24, 2018.

Malawian Kwacha/South African Rand (FOREX:MWKZAR)

Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_MWKZAR
Open High Low MWKZAR Price Change
0.017325 0.017375 0.017215 0.017235 -0.000090
Entry Signal

MarketClub’s Trade Triangles for MWKZAR

long term up The long term trend has been UP since May 1st, 2018 at 0.01725

intermediate term up The intermediate term trend has been UP since Apr 9th, 2018 at 0.01668

short term down The short term trend has been DOWN since May 22nd, 2018 at 0.01738

Smart Scan Analysis for MWKZAR

Based on a pre-defined weighted trend formula for chart analysis, MWKZAR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+55
Smart Scan Analysis for MWKZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.017325 0.017375 0.017215 0.017235 -0.000090
Prev. Close Volume Bid Ask Time
0.017325 0.017070 0.017400 2018-05-24 14:38:33
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